Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Position Lifted by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) by 14.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,201 shares of the investment management company’s stock after purchasing an additional 20,497 shares during the period. First Trust Advisors LP’s holdings in Tortoise Power and Energy Infrastructure Fund were worth $3,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TPZ. Carnick & Kubik Group LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund during the third quarter valued at about $208,000. Boulegeris Investments Inc. lifted its position in shares of Tortoise Power and Energy Infrastructure Fund by 5.3% during the second quarter. Boulegeris Investments Inc. now owns 90,110 shares of the investment management company’s stock valued at $1,892,000 after purchasing an additional 4,550 shares in the last quarter. Ingalls & Snyder LLC lifted its position in shares of Tortoise Power and Energy Infrastructure Fund by 0.6% during the second quarter. Ingalls & Snyder LLC now owns 98,573 shares of the investment management company’s stock valued at $2,070,000 after purchasing an additional 632 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of Tortoise Power and Energy Infrastructure Fund by 0.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 47,485 shares of the investment management company’s stock valued at $997,000 after purchasing an additional 175 shares in the last quarter.

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) opened at $20.31 on Monday. Tortoise Power and Energy Infrastructure Fund, Inc. has a 12-month low of $19.68 and a 12-month high of $23.46.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 24th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $1.50 dividend on an annualized basis and a yield of 7.39%.

COPYRIGHT VIOLATION NOTICE: “Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Position Lifted by First Trust Advisors LP” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://sportsperspectives.com/2017/11/20/tortoise-power-and-energy-infrastructure-fund-inc-tpz-position-lifted-by-first-trust-advisors-lp.html.

Tortoise Power and Energy Infrastructure Fund Profile

Tortoise Power and Energy Infrastructure Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary objective is capital appreciation. It seeks to invest primarily in fixed income and dividend-paying equity securities of power and energy infrastructure companies.

Want to see what other hedge funds are holding TPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ).

Institutional Ownership by Quarter for Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ)

Receive News & Ratings for Tortoise Power and Energy Infrastructure Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Power and Energy Infrastructure Fund Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply